Compare electricity rates in Texas

Shop for electricity rates in Texas with the free Choose Energy marketplace! With a population of more than 29 million, Texas is one of the fastest-growing states in the country and home to some of the biggest cities in the country. Texas is also a leader in deregulated energy, giving all those residents and businesses the power to choose their electricity provider.

Texas energy prices fluctuate frequently, and there are hundreds of plans and providers to choose from. That’s where Choose Energy comes in. We’ll help you sort through the options to find an electric rate that works for your home or business. Setup is easy – most homes don’t even need a technician visit.

Enter your ZIP code above to compare energy rates in your part of Texas, or keep reading to learn more about the energy buying process. Questions? Give us a call and we’ll be happy to help.

1. Texas electricity rates
2. Energy deregulation in Texas
3. Electric plans in Texas
4. How to shop with Choose Energy
5. Texas electricity provider reviews
6. Compare electricity prices by month
7. Frequently asked questions about shopping
   • How do I move my electric service?
   • How do I switch my electric provider?
   • Will I have to pay a deposit?
   • Why does Choose Energy run a credit check?
8. Centerpoint Electricity Rates (Houston)
9. Oncor Electricity Rates (Dallas)
10. AEP North Electricity Rates (North and West Texas)
11. AEP Central Electricity Rates (South Texas)
12. TNMP Electricity Rates (West, Central, Gulf Coast Texas)
13. Contact your provider or pay your bill
14. Customer testimonials
15. Shop by city

Texas electricity rates

Energy deregulation in Texas

Deregulation in Texas began in 2002 and ended the monopoly utility companies had over their service areas. Utilities stopped selling electricity to consumers and instead focused on delivery and maintenance (of power lines, equipment, etc.). Independent providers, meanwhile, began to sell electricity to consumers.

Today there are many providers, or REPs, available to choose from, which has been beneficial for consumers across the state. Consider the latest statistics:

• Texas residential electricity rates are 10 percent lower than the national average.
• Texas commercial electricity rates are nearly 23 percent lower than the national average.
• Texas industrial electricity rates are nearly 16 percent lower than the national average.
• Texas generates (by far) the most electricity of any state from wind.
• Texas generates the fifth-highest amount of electricity from solar energy.

Ready to shop cheap Texas electric rates? Enter your ZIP code above to get started. Otherwise, keep reading to learn what to expect during the buying process, including current rates, types of plans and a more detailed look at your area.

Electric plans in Texas

There are many types of electricity plans in Texas, but two of the most common are fixed and variable rate plans. Within these plan types are different rate options, so be sure to read the electricity facts label (EFL) carefully before signing up. That said, here’s what you can generally expect from these plans:

• Fixed-rate electricity plans give customers the most stability for their monthly energy bills. Your rate will not change for the duration of your contract, so you’re protected from market highs and lows.
• Variable-rate electricity plans have rates that fluctuate depending on market electricity prices. You might see your bill go up when energy is in high demand but could also get a much cheaper bill when the cost of energy is low.

Think of fixed and variable rates like you would an investment strategy, where fixed-rate plans are more stable bonds and variable-rate plans are aggressive stocks. The type of plan you choose will depend on your risk tolerance and your needs.

Deregulated energy providers also offer renewable energy, prepaid electricity plans, and no deposit options. Some providers may also offer energy deals and promotions. For more detailed information and help picking the plan that suits you, please see our energy buying guide.

Compare plans with the free Choose Energy marketplace

Choose Energy is a 24/7 online marketplace where Texas residents can compare a variety of electric plans and rates from top providers such as TXU Energy, Gexa Energy, and Reliant Energy at no cost. We partner with trusted providers so you can be sure you’re getting reliable service. Let’s get started:

1. Enter your ZIP code above. We’ll show you today’s low electricity rates in your area. Compare plans and choose what’s right for you.
2. Sign up online or over the phone. Not sure what to choose or just want a little more guidance? Give one of our energy experts a call and they’ll be happy to help you.
3. Enjoy your new energy plan. Your new provider will work with your utility company to start your service with no interruptions. It’s as easy as that.

Read reviews of Texas electricity providers

With so many providers on the market, it can be hard to tell the difference, let alone make an informed decision. To help with this, Choose Energy has started reviewing all the providers we work with so you can better understand the pros and cons of each company.

Using categories of customer service, online accessibility, and business history, we’ve assigned a score out of five, with individual scores in each category. Read the reviews and learn more in our full ranking.

Texas electricity rates chart

Texas electric rates change throughout the year depending on the season, demand, and other factors. The U.S. Energy Information Administration (EIA) tracks these changes, shown in the chart below.

Rates are often lowest at the beginning and end of the year, and highest in the spring. If you become familiar with these trends and plan to buy during a market low, you may be able to find a lower rate.

Frequently asked questions about electricity shopping

How do I move my electric service?

Thankfully, most energy companies are flexible with customers who are moving. In Texas, you can choose to stay with your current provider (if they offer service in your new area) or you can switch to a new provider with no early termination fees. You can shop for a new energy plan up to 90 days before you move – just select your move-in date during sign-up and you’ll be all set. Learn more on our Texas movers page.

How do I switch my electric provider?

Switching energy providers is easier than it may seem. First, you’ll need to find out if your contract has an early termination fee. If it does, you won’t have to pay it if you switch 14 days or fewer before your contract ends. Once you’ve figured that out, enter your ZIP code above. We’ll show you plans in your area and you can choose whichever one you like. Sign up online or over the phone and your work is done. It really is as easy as that. Learn more here.

Will I have to pay a deposit?

It depends. Every energy provider on the market chooses a different credit threshold, below which they will require a deposit. When you shop with us, we’ll let you know if you have to pay a deposit for the provider you choose. If so, we’ll find you some options without a deposit that you can compare with your original choice. Visit our deposits guide to learn more.

Why does Choose Energy run a credit check?

The providers we work with require us to run a credit check before they will offer service. It allows them to decide if they need you to pay a deposit. Credit checks are a normal part of electricity shopping and nothing to be afraid of, especially with Choose Energy. We run a soft credit check – the kind that doesn’t affect your score – and we only run it once. We’ll check your score against all the providers on our site so you can find the best deal. See our deposits guide above for more information about the credit check process.

To learn more about CenterPoint Energy or report an outage, click here.

To learn more about Oncor Electric Delivery or report an outage, click here.

To learn more about AEP Texas North or report an outage, click here.

To learn more about AEP Texas Central or report an outage, click here.

To learn more about Texas-New Mexico Power or report an outage, click here.

Contact your provider or pay your bill

If you’re experiencing a power outage, please contact your utility company at one of the links above. Otherwise, please see below for a list of our partners’ contact information. If you’re looking for bill pay, access your account here or click on your provider’s name below.

Updated: 8/26/2020

Customer testimonials